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ASMO CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 61% Decrease, Full Year also Reduced

Mon Nov 11, 2024 4:00 pm JST Revision

2654 ASMO CORPORATION 【J-GAAP】

Guidance Update Report

ASMO CORPORATION <2654> [TSE-S] announced a performance revision after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has downwardly by 61.4%, from the previous forecast of 342 million yen to 132 million yen (compared to 339 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 61.1% decrease in profit.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated ordinary profit has downwardly by 35.4%, from the previous forecast of 650 million yen to 420 million yen (compared to 666 million yen in the previous period), leading to an increase in the profit decline rate from 2.4% to 36.9%.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 10,100 310 342 255 18.9 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 New 10,285 138 132 75 5.6 0 Nov 11, 2024 J-GAAP
Revision Rate +1.8% -55.5% -61.4% -70.6% -70.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 20,300 610 650 400 29.7 10 May 14, 2024 J-GAAP
Mar, 2025 New 20,000 360 420 290 21.5 10 Nov 11, 2024 J-GAAP
Revision Rate -1.5% -41.0% -35.4% -27.5% -27.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 10,235 300 339 199 14.8 0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 Guidance 10,285 138 132 75 5.6 0 Nov 11, 2024 J-GAAP
YoY +0.5% -54.0% -61.1% -62.3% -62.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,723 333 386 204 15.2 10 May 12, 2023 J-GAAP
Mar, 2024 20,533 606 666 469 34.9 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,000 360 420 290 21.5 10 Nov 11, 2024 J-GAAP
YoY -2.6% -40.6% -36.9% -38.2% -38.3%

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